Metro-East News

Business Briefing: SABMiller’s largest shareholder turns down A-B’s offer

One of largest share holders of SABMiller stock has rejected a $104 billion takeover bid from Anheuser-Busch InBev.

The St. Louis Business Journal cites a report from Reuters that South Africa-based company Investment Corp. said the offer is too low. Investment Corp. owns about 3 percent in SABMiller.

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Southwest Airlines has fixed computer problems that led to about 450 delayed flights on Sunday. The airline had to use backup systems to check in travelers on Sunday, but systems are reportedly back to normal on Monday. Read more here.

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Most economists expect the Federal Reserve to raise interest rates before the end of the year. A recent survey found that experts anticipate the gross domestic product, adjusted for inflation, to rise 2.5 percent for the year. That is up from the previous forecast of 2.4 percent. Find out more here.

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Almost one-third of Americans say they would use their retirement savings to help their children and grandchildren afford college. The survey of about 1,000 Americans was conducted by Limra Secure Retirement Institute, based in Windsor, Conn. The data also revealed that more than 40 percent of respondents felt it is the family’s responsibility to help pay for college. Learn more here.

-Will Buss, BND business writer

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